But I come across so many people whose mind-set is stopping them from saving, and that’s just silly. To help you out, I’m going to tell you why your brain is stopping you from saving money, and how you can change that.

The Future Is Far Away

Part of why people don’t save is because they don’t think about the future. They don’t expect to ever be unemployed or face a medical or family emergency.

It is this shortsightedness that sees us and our bank accounts live in the now.

To combat this, you need to budget, draw up a savings plan or set aside some money each month, so when the proverbial hits the fan, you’re not left out in the cold.

What’s The Point?

What’s the point of putting away money each month if you may never need it? This is such a dangerous point of view. It’s the same as saying why do I need household, car or medical insurance.

You can bet your bottom dollar that when your neighbours house burnt own they didn’t expect it. Or when your cousins car got totalled they hadn’t planned for it…see where I’m going?

You’re saving IN CASE. And so often, IN CASE turns out to be reality, and if you’re unprepared, you’re in trouble.

It Won’t Happen To Me

If you’re thinking this, the chances are, it will. You need a buffer in your bank account in case of break up, emergency or any other situation that may arise.

Just like winning big when enjoying the sport betting NZ has to offer can happen at any time, so too can life’s little mishaps. It WILL happen to you, and if you’re ready for it, you’ll be just fine.

Someone Else Will Help Me

This naïve mind-set is something I see so often. Someone else will bail me out if I am in trouble.

My parents, my siblings, my friends… but really, what if they can’t, or won’t? Then what? And if you really need money you can’t rely on a loan from the bank either, especially because you’ll need to start paying it back with interest, soon.

The sooner you realise that money issues are something that you are responsible for, the better, and the more prepared you can be.

There’s Always Next Month

If you think you’ll start saving next month, or that next time around you’ll put aside that spare bit of cash, you’re only fooling yourself.

This attitude is dangerous, because the “next time” is really never, and before you realise it, you’ll have been spending all your dosh without squirreling away a cent.

Ready to change your saving habits? There is no better time like the present. Saving is something everyone should do, and it is never too late to get started.